Re: Paypal -New A/C receiving limits advice needed? Quote:
Originally Posted by dallis Once you've been limited, changing the info back isn't going to unlimit you.
5K is too much at first... I've started off with 2K in small payments of $10-15, and they're going to impose a 21 day hold and possibly a maximum month withdrawl limit.
Who suggested you should open a new PP? If you open a new PP with the old info they're going to limit it pretty fast, and EB still shares info with PP so any new one will eventually get hit also. |
Thanks for the reply... I asked Paypal if I could downgrade my account to personal/premier until I can provide the info they require, but they said no.. and it was Paypal who suggested that I open a new account. Strange I know in this world of stealth to think Paypal suggested opening a new account, but it leads me to believe that my account isn't actually hard/limited for any specific policy breach..more of a business info admin situation..?
Regardless, I did bring up the point about whether a new account would have limitations financially to start with but they declined to answer that point.
The minimum value of an item i sell is £20... the average item price is £50.
I am not limited on Ebay in anyway, but I have had to shut my shop.... the eb account has over 12 years trading.. with a very very high monthly selling limit.
The Paypal account was originally limited because out of the blue there were 3 chargeback cases opened on the same day (I was targeted by a fraud ebay buyer)... and this must have triggered an algorithm for suspected behaviour... these cases were resolved, but they must have routinely checked my account details and discovered that my business details were wrong/out of date... and I can not manually change that now.
If the new PP account does run in to problems because of hitting the ground running with turnover, then surely it would be OK to simply tell them about the new account being opened on the advice of Paypal themselves??
All further suggestions welcome.
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